40
40
Feb 12, 2013
02/13
by
WBAL
tv
eye 40
favorite 0
quote 0
that is not going to be derailed by what i call a religion of orthodoxy of the environment. in other words, they're -- what i regard as being practical about the environment, that's important because they have a lot of resource businesses that will not be hurt by willy-nilly laws that could be passed that really do ex appropriate a lot of their property. that's a little bit of a conservative view, but that's the way it take it. let's go to john in ohio. >> caller: hi, jim. how should i play a spinoff? should i spell the parent company or sell the company that was spun off or hold -- >> case by case, i typically like to keep the parent and sell the sub. but in some situations like abbott, i like abbott more than abv. it's case by case and if it's -- for instance, i spend a huge amount of time trying to describe what is better. i do my best on this show to tell you too. you want your portfolio to shine in any market, you have to own gold. i prefer the gld over the bouillon. but both give you insurance against chaos. and please don't buy the individual stocks of gold miners. st
that is not going to be derailed by what i call a religion of orthodoxy of the environment. in other words, they're -- what i regard as being practical about the environment, that's important because they have a lot of resource businesses that will not be hurt by willy-nilly laws that could be passed that really do ex appropriate a lot of their property. that's a little bit of a conservative view, but that's the way it take it. let's go to john in ohio. >> caller: hi, jim. how should i...
58
58
Feb 9, 2013
02/13
by
WBAL
tv
eye 58
favorite 0
quote 0
in part because cruises represent such a strong value proposition in this environment. one more thing before i drill down to whether you should sail away on carnival or royal caribbean. for cruise operators, net yield is how we measure them, the purest measure of a cruise company's pricing power. net yield is the ticket price minus the cost of getting there, plus on board spending, minus any commissions paid to travel agents, all which is then divided by the number of veil cruise days. simply put, this is a metric that tells you how much the cruise companies are squeezing out of their passengers. you get a 1% change in net yield in carnival or royal caribbean, that's enough for a 7% earnings in share for either company. this is a gigantic, incredibly easy way to tell how their business is doing, like same-store sales tore retail or revenue per available room for hotels. right now the net yield is in a fabulous position to go higher, thanks to higher demand, lower supply of ships and more and more people are booking online. given that commissions are paid right to the tr
in part because cruises represent such a strong value proposition in this environment. one more thing before i drill down to whether you should sail away on carnival or royal caribbean. for cruise operators, net yield is how we measure them, the purest measure of a cruise company's pricing power. net yield is the ticket price minus the cost of getting there, plus on board spending, minus any commissions paid to travel agents, all which is then divided by the number of veil cruise days. simply...
64
64
Feb 8, 2013
02/13
by
WBAL
tv
eye 64
favorite 0
quote 0
in that environment, you have -- you have correctly placed your hotels. >> well, it's really interesting. for us, our business is so dependent on economic activity, business confidence and consumer confidence. you're exactly right. january in china our rev par numbers were up 6%. that's after a slow down. the government transitions almost behind us, chinese new year will be behind us. we see china picking up. latin america was the strongest growth region for two years in a row, slowed down last year because of argentina. we haven't talked about africa which is another place where global capital flows are coming in in ways we have never seen before. >> let's talk about china for a moment. we see china as having a big year in 2013. a lot of people had penalized your stock, taken it down to the -- well at that point into the 50s because they felt you were overexpanding in china. you're probably as a percentage of what people are putting their capital in, the highest of any of the companies i follow in terms of commitment to china? >> well, we're long term bullish on china. today, we have mo
in that environment, you have -- you have correctly placed your hotels. >> well, it's really interesting. for us, our business is so dependent on economic activity, business confidence and consumer confidence. you're exactly right. january in china our rev par numbers were up 6%. that's after a slow down. the government transitions almost behind us, chinese new year will be behind us. we see china picking up. latin america was the strongest growth region for two years in a row, slowed...
54
54
Feb 5, 2013
02/13
by
WBAL
tv
eye 54
favorite 0
quote 0
that's the inflation/deflation component, how much the labor costs, very important in a rising salary environment. how much leverage there is, meaning, if you have all of the laboring costs accounted for, how much business can you do? all right, the one i like to think of, it's not a lemonade stand, but it's pretty well chipotle. they have labor and they have food and customers. the more customers they can serve per hour, the more leverage they have. the keys to the gross margin at chipotle are the cost of the guac, beef, chicken, tortillas, the cost of the labor and most importantly the number of customers they can push through in a given day. of course there are dozens of other inputs advertised in leases and the stores need to have as little turnover as possible because the cost of training new employees is tremendous. it's a huge obstacle to making a lot of money. that's something the former ceo of costco made clear to us. he was legendary for paying his employees the most and treating them with the best of benefits because it's so important to keep them happy, so the firm doesn't constantly
that's the inflation/deflation component, how much the labor costs, very important in a rising salary environment. how much leverage there is, meaning, if you have all of the laboring costs accounted for, how much business can you do? all right, the one i like to think of, it's not a lemonade stand, but it's pretty well chipotle. they have labor and they have food and customers. the more customers they can serve per hour, the more leverage they have. the keys to the gross margin at chipotle are...